This property looks like a bad Mid-Term investment with a projected -21.53% first-year return on $263k initial cash invested.
-21.53%
Cash On Cash
1.94%
Cap Rate
0.29
DSCR
$4,964
Rent
-$4,713
Cashflow
Cash Flow
$4,964 income − $9,677 expenses = $4,713 out of pocket
Investment Breakdown
|
Purchase Price
$1165k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$263k
Downpayment
20%
$233k
Closing costs
1%
$11,653
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,964
Total Expenses
$9,677
Mortgage P&I
129%
$6,399
Property Taxes
21%
$1,029
Home Insurance
11%
$560
HOA
0%
$0
Property Management
12%
$596
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$546